Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 150 per cent!

Shares of the company gained more than 60 per cent in the last six months.

Shares of Atishay Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 60 per cent.

The company posted robust Quarterly Results. The revenue of the company for Q3FY24 stood at Rs 11.76 crore which increased by 95.81 per cent YoY. The operating profit of the company stood at Rs 3.13 crore, while the PAT of the company stood at Rs 1.89 crore, from a profit of Rs 28 Lakhs last year same quarter.

Shares of Atishay Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 29.05 on May 08, 2023, to Rs 77.17 on May 07, 2024, an increase of about 150 per cent in the last one-year holding period. The company has a low ROCE of 3.03 per cent and a low ROE of 1.43 per cent, with a market capitalization of Rs 84.7 crore.

Atishay Limited is a data management enterprise company. It offers information technology database management and e-governance services including large scale data entry and scanning solutions, digitization services, document conversion, and database management solution services.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.